And watch for a trading update today (not yesterday) from Murray Goulburn, Australia’s biggest dairy processor, to trigger a round of jitters in the dairy sector companies – Bega, A2 Bellamy, Blackmores and associated companies.
The news from Murray Goulburn is likely to be gloomy.
The Kiwis have already been through the same process with a series of downgrades from the giant Fonterra company. It looks like being repeated here.
Global dairy prices are down more than 18% since last November, despite successive rises in global auctions in April.
